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Window of Opportunity

The IPO window is open or at least ajar – for storage networking companies. But it's not clear how wide the opening will get, or how many companies will clear the sill before it shuts again.

There is certainly a sense of market optimism, fueled by recent high funding rounds for revenue-generating private companies (see It's Raining VC Money) and an uptick in overall IPO filings.

Case in point: LSI Logic Storage Systems Inc., a wholly owned subsidiary of LSI Logic Corp. (NYSE: LSI) that filed for an IPO and hopes to complete it by the end of June -- if the market doesn't take a turn for the worse or problems develop inside the company (see LSI's Storage Sub Plans IPO).

Will others follow suit? Can they?

"The smell is good," says Giora Yaron, CEO of distributed file systems startup Exanet Inc. "Companies that survive this nuclear winter will be in good shape."

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